Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    182 Wayland Street Providence, RI 02904

    View on Map
    Claim this Listing
    For Sale
    $70,000

    COMMERCIAL - Providence, RI

    Lot size:
    0.28 Acres
    Added:
    Dec 12, 2025
    Days on Market:
    147
    Last Refresh:
    May 8 at 8:06 am

    Property Features for 182 Wayland Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Standard status
    Active
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6760

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2024
    Number of units
    1
    Building materials
    Brick

    We can help!

    Listing Contact
    Dante Lopardo

    Listing agent Dante Lopardo

    Listing office Broadway Real Estate Group 335 Broadway, Providence, RI

    Listing date Dec 12, 2025

    MLS# 1401703

    Copyright © 2026 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Wayland Square location on Providence's East Side with high foot traffic and proximity to Brown University.
    • Fully operational, turn‑key cafe with new appliances, fixtures, and restroom.
    • Thoughtfully designed interior with granite countertops, custom wood slat walls, and stylish seating.
    • Equipped with Shift4 POS system and established Uber Eats and DoorDash integrations.
    • Large, clean basement ideal for storage, prep, or back‑of‑house use.
    • Newly built in 2024, offering a modern space.

    Overview

    Turn-Key Cafe in Wayland Square

    This newly built-out cafe is located in the heart of Wayland Square on Providence's desirable East Side, also known as College Hill. The turn-key space is fully operational and features a thoughtfully designed interior with striking visual displays ideal for social media content. Granite countertops, custom wood slat accent walls, and stylish, modern seating are present throughout the cafe. It is fully equipped and in operation, including a Shift4 POS system and established third-party delivery integrations with Uber Eats and DoorDash. All appliances, fixtures, sinks, and restroom are brand new, offering a move-in-ready opportunity for an owner-operator or investor. The property includes a large, clean basement ideal for storage, prep, or back-of-house use. The location benefits from strong foot traffic and is surrounded by destination retail, dining, and dense residential surroundings right off Brown University Campus. The lot size is 0.2801 acres.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Similar Places Nearby

    • Cafe Zara & Coffee House — 130 Taunton Ave, East Providence, RI 02914
    • Marylou's Coffee — 2200 Pawtucket Ave, East Providence, RI 02818
    • Starbucks — 585 Taunton Ave, East Providence, RI 02914
    • We Stand Social Club — 174 Taunton Ave, East Providence, RI 02914
    • Starbucks Reserve Roastery — 585 Taunton Ave, East Providence, RI 02914

    Map

    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.388446
    Latitude
    41.828983

    Nearby Similar for Sale

    • $340,000

      Established Bar with Liquor License

      Thriving business in downtown Providence with a coveted liquor license.
      65 Weybosset Street unit: 118-119, Providence, RI 02903
      View Details
    • $340,000

      Downtown Providence Condo Unit For Sale

      900 SF condo unit in a vibrant downtown location.
      65 Weybosset Street unit: 116-117, Providence, RI 02903
      View Details
    • $299,000

      Commercial Condo in Corliss Landing

      Free-standing commercial condo ideal for eatery, cafe, office, or retail.
      521 S Water Street unit: 113, Providence, RI 02903
      View Details
    • $900,000

      Downtown Providence Mixed-Use Opportunity

      Mixed-use building in prime downtown location, potential for redevelopment.
      11 Peck Street, Providence, RI 02903
      View Details
    • $21

      Medical Office Condo For Sale

      Turnkey medical office condo with flexible floor plan in Providence.
      1268 Westminster Street unit: 100, Providence, RI 02909
      View Details
    • $599,900

      Turnkey Multi-Family in Providence

      Well-maintained 3-unit property with income potential in a prime location.
      880 Douglas Avenue, Providence, RI 02908
      View Details
    • $629,000

      Three-Family Residence in Federal Hill

      Legally conforming three-family home with rental growth potential.
      5 Lee Street, Providence, RI 02903
      View Details
    • $699,900

      Providence Multi-Family Investment Opportunity

      Well-maintained three-family property near downtown Providence with strong rental potential.
      69 Erastus Street, Providence, RI 02908
      View Details
    • $399,900

      Providence Multifamily Investment Opportunity

      Two-family property in Providence with renovation and development potential.
      102 Superior Street, Providence, RI 02907
      View Details
    • $629,000

      Providence Multifamily Investment Opportunity

      Three-unit property with income potential near amenities and transportation.
      52 Harold Street, Providence, RI 02908
      View Details
    • $175,000

      Downtown Providence Commercial Condo Unit

      Commercial condo unit in downtown Providence with basement storage.
      65 Weybosset Street unit: 104, Providence, RI 02903
      View Details
    • $10

      Multi-Bay Commercial Space Available

      Commercial space with garage bays, high traffic, easy highway access.
      1286 N Main Street, Providence, RI 02904
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Fully operational cafe on Providence's desirable East Side.
    Where is this coffee shop located?
    The property is located at 182 Wayland Street Providence, RI.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Prime Wayland Square location on Providence's East Side with high foot traffic and proximity to Brown University.; Fully operational, turn‑key cafe with new appliances, fixtures, and restroom.; Thoughtfully designed interior with granite countertops, custom wood slat walls, and stylish seating.
    (401) 255-5530
    We can help!
    Listing Contact
    Dante Lopardo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    182 Wayland Street, Providence, RI 02904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!